Nike Stock (NKE) Today: Tim Cook’s $3M Buy Lifts Shares as Wall Street Weighs Tariffs, China Weakness, and a Slow Turnaround
Nike shares rose 0.9% to $60.52 by 3:01 p.m. ET Friday after Apple CEO Tim Cook disclosed a $3 million open-market purchase of 50,000 shares. The move came days after Nike reported Q2 revenue of $12.4 billion and net income of $792 million, with margins under pressure and China sales down 17%.